Why this role?
KONE India is embarking upon an exciting growth phase and this represents an opportunity for you to join our Mumbai (Andheri) team, as a Manager - Finance (Business controller).
What will you be doing?
Forecast & budget activities:
- Coordination & reporting forecasting, Budgeting.
- Weekly Review calls with branches
- Monthly Region Results review
- HO review/global visitor presentation coordination-As & when needed
NBS/MOD- Order book,P2P,FCM,DOA,OR analysis:
- Order Book review & drive forecast cost discipline with branches
- Quarterly job level review for profitability with Branches & Region Team
- Financial Control Module review for branches & follow-up actions
- OR analysis & insights to Region Director (Analysis by Segment,Single vs Bulk, LR vs MR)-
Service - Pricing, variable cost, productivity, slow & nonmoving, compliance:
Pricing:
- Follow-up of specific action plan agreed with branch managers to improve renewal hike & Discuss with HO finance / business team for review & support needed
- Conversion discount >30% follow-up of specific action plan agreed with branch managers. Discuss with HO finance/business team for review & support needed
Variable Cost review:
- Action plan follow-up on material/freight cost/sub con cost Bud vs act % on sales&per unit compared to previous year (all high variance branches).
Slow & nonmoving inventory:
- Quarterly slow & nonmoving hit branches,review with branch managers on mitigation plan&follow-up.
Compliance:
- Service compliance repeated issues mitigation plan follow & review with HO team
- Review Meetings-sharing key priorities/Concern Points
Financial controlling-Balance Sheet, Digital, change management, audit, process review:
- Ensuring financial integrity by maintaining accurate, timely and compliant balance sheet reporting for the region. Implementing controls to mitigate financial risks and drive transparency.
- Leading and supporting finance-related process changes and digital transformation initiatives. Ensuring smooth adoption by collaborating with stakeholders and driving continuous improvements. –
- Acting as the key liaison for internal and external audits, ensuring adherence to financial regulations, policies and governance frameworks. Addressing audit findings and implementing corrective actions.
- Conducting regular assessments of financial processes to identify inefficiencies, drive standardization and implement best practices. Enhancing financial controls to improve operational effectiveness and compliance
Treasury - BG,tender deposit,insurance:
- Insurance/cost incurred >3 years to relook for providing wip provision/as WIP insurance-EAR can be controlled better (>84mths insurance coverage is not permitted)
Fixed assets controlling- Capex budget, forecast, physical verification, clearing long pending items:
- Review budget proposals and support the HO team in conducting a comprehensive analysis of needs and identifying reductions to meet budget targets in KEI level.
- Capex forecast review and release of budgets for unplanned or deferred items based on BM/RD's recommendations-
Physical verification:
- Review the outcomes of branch locations and support in preparing case studies for sensitive items and obtaining RD approvals if regularizations are needed-Annually
- Clearing GR/IR mismatch items, Capex advances & Capital WIP - Long pending items-As and when needed
- Provide support in resolving regional-level escalations within the roles defined for branch controllers. - As and when needed
Are you the one?
- Minimum 10 years of experience in Business Analytics, forecasting, budgeting, financial controlling.
- Expert in excel & powerpoint.
- Working knowledge of GST.
What do we offer?
- Career progression opportunities within a global organization.
- Total reward elements that engage and motivate our employees and help us make KONE a great place to work.
- Comprehensive learning and development programs covering a wide range of professional skills.
At KONE, we are focused on creating an innovative and collaborative working culture where we value the contribution of each individual. Employee engagement is a key focus area for us and we encourage participation and the sharing of information and ideas. Sustainability is an integral part of our culture and the daily practice. We follow ethical business practices and we seek to develop a culture of working together where co-workers trust and respect each other and good performance is recognized. In being a great place to work, we are proud to offer a range of experiences and opportunities that will help you to achieve your career and personal goals and enable you to live a healthy and balanced life.
Read more on https://careers.kone.com/en/
